We are live on ! Find out more
JS

Jeffrey Smith Starboard Value

AUM $4.52B
1-Year Est. Return 19.34%
 

Jeffrey Smith is the CEO of Starboard Value, one of the most active and successful activist investment firms of the past decade. Starboard is known for detailed operational white papers, board campaigns, and efforts to improve margins and capital allocation at portfolio companies. Smith’s firm is a regular presence in corporate governance and activist-investing news.

This Fund
S&P 500
This Quarter Est. Return
-1.17%
1 Year Est. Return
+19.34%
3 Year Est. Return
+55.97%
5 Year Est. Return
+85.4%
10 Year Est. Return
+430.11%
AUM
$3.9B
AUM Growth
-$725M
Cap. Flow
-$768M
Cap. Flow %
-19.67%
Top 10 Hldgs %
87%
Holding
50
New
2
Increased
4
Reduced
9
Closed
25

Top Buys

Rank Stock Value
1
BLMN icon
Bloomin' Brands
BLMN
+$222M
2
AQN icon
Algonquin Power & Utilities
AQN
+$183M
3
ACTG icon
Acacia Research
ACTG
+$157M
4
IWN icon
iShares Russell 2000 Value ETF
IWN
+$93.2M
5
IWR icon
iShares Russell Mid-Cap ETF
IWR
+$20.1M

Top Sells

Rank Stock Value
1
SPLK
Splunk Inc
SPLK
+$432M
2
VRT icon
Vertiv
VRT
+$390M
3
WTW icon
Willis Towers Watson
WTW
+$120M
4
ABCM
Abcam PLC
ABCM
+$112M
5
ACM icon
Aecom
ACM
+$76.9M

Sector Composition

Rank Sector Weight
1 Technology 47.1%
2 Industrials 18.38%
3 Healthcare 10.57%
4 Utilities 8.86%
5 Consumer Discretionary 5.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PZZA icon
26
Papa John's
PZZA
$788M
– –
-182,000
Closed -$13.4M
RDZN icon
27
Roadzen
RDZN
$132M
– –
-509,330
Closed -$5.41M
WTW icon
28
Willis Towers Watson
WTW
$31.8B
– –
-508,880
Closed -$120M
OKLO
29
Oklo
OKLO
$7.83B
– –
-82,300
Closed -$858K
FLD
30
Fold Holdings
FLD
$27.3M
– –
-620,000
Closed -$6.42M
AIMBU
31
DELISTED
Aimfinity Investment Corp I Subunit
AIMBU
– –
-300,000
Closed -$3.14M
GBBK
32
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
– –
-600,000
Closed -$6.26M
FTII
33
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
– –
-450,000
Closed -$4.81M
CSLM
34
DELISTED
CSLM Acquisition Corp. Class A Ordinary Share
CSLM
– –
-639,252
Closed -$6.71M
ZPTA
35
DELISTED
Zapata Computing Holdings Inc. Common Stock
ZPTA
– –
-439,252
Closed -$4.67M
ASCB
36
DELISTED
A SPAC II Acquisition Corp. Ordinary Shares
ASCB
– –
-750,000
Closed -$7.91M
APCA
37
DELISTED
AP Acquisition Corp
APCA
– –
-176,348
Closed -$1.9M
SPLK
38
DELISTED
Splunk Inc
SPLK
– –
-4,068,000
Closed -$432M
CHEA
39
DELISTED
Chenghe Acquisition Co. Class A Ordinary Share
CHEA
– –
-50,000
Closed -$535K
ABCM
40
DELISTED
Abcam PLC
ABCM
– –
-4,593,000
Closed -$112M
KNSW
41
DELISTED
KnightSwan Acquisition Corporation
KNSW
– –
-750,000
Closed -$7.93M
JGGC
42
DELISTED
Jaguar Global Growth Corporation I Class A Ordinary Shares
JGGC
– –
-500,000
Closed -$5.29M
NFNT
43
DELISTED
Infinite Acquisition Corp.
NFNT
– –
-168,200
Closed -$1.78M
MBSC
44
DELISTED
M3-Brigade Acquisition III Corp.
MBSC
– –
-209,750
Closed -$2.19M
ZING
45
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
– –
-210,250
Closed -$2.19M
HMA
46
DELISTED
Heartland Media Acquisition Corp.
HMA
– –
-500,000
Closed -$5.27M
AFAR
47
DELISTED
Aura FAT Projects Acquisition Corp Class A Ordinary Shares
AFAR
– –
-350,000
Closed -$3.7M
1
2

Similar funds

FIS
Fundsmith Investment Services Grande Riviere Noire, Mauritius $4.52B AUM 8.53% 1-Year Est. Return
Kovitz Investment Group Partners
Kovitz Investment Group Partners Chicago, Illinois $4.52B AUM 31.84% 1-Year Est. Return
MP
Munro Partners Melbourne, Australia $4.54B AUM 84.34% 1-Year Est. Return
U
Uber San Francisco, California $4.51B AUM 1.92% 1-Year Est. Return
CGI
Comgest Global Investors Paris, France $4.55B AUM 11.62% 1-Year Est. Return
DACG
Donor Advised Charitable Giving San Francisco, California $4.49B AUM 26.39% 1-Year Est. Return
5NCM
59 North Capital Management Houston, Texas $4.49B AUM 6.4% 1-Year Est. Return
WA
WestEnd Advisors Charlotte, North Carolina $4.49B AUM 19.44% 1-Year Est. Return

Jeffrey Smith's Q3 2023 Portfolio in Review

As of Q3 2023, Jeffrey Smith held 50 positions worth $3.9B, down 16% from $4.63B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Jeffrey Smith withdrew a net $768M in Q3 2023, closing 25 positions and reducing 9 holdings. Its most notable exit was Splunk Inc, an estimated $432M position sold in full.

By sector, the portfolio is most concentrated in Technology at 47% of assets, down from 52% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Jeffrey Smith opened a new position in Bloomin' Brands worth $205M.

  • Jeffrey Smith's largest Q3 2023 buy was Bloomin' Brands: 8,341,000 shares worth $205M.
  • Jeffrey Smith added most to Algonquin Power & Utilities in Q3 2023, an estimated $183M increase.
  • Jeffrey Smith's biggest Q3 2023 reduction was Vertiv, cutting an estimated $390M.
  • Jeffrey Smith fully exited Splunk Inc in Q3 2023, selling an estimated $432M.
  • Jeffrey Smith's ten largest holdings make up 87% of its $3.9B portfolio in Q3 2023.
  • Jeffrey Smith opened 2 new positions and closed 25 in Q3 2023.
  • Jeffrey Smith's portfolio value fell 16% quarter-over-quarter to $3.9B.

Based on Starboard Value's 13F filing for Q3 2023, filed 14 Nov 2023.